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>"Fixing" wealth inequality by decreasing the productivity of the wealthy is madness. Really? Because the system itself is fixed guaranteeing Capital of the r

>"Fixing" wealth inequality by decreasing the productivity of the wealthy is madness. Really? Because the system itself is fixed guaranteeing Capital of the rich is much more productive than wages of the poor, through taxation. That is an employee of Company abc has their wages taxed to a much greater extent than the company owners profits are taxed. It’s definately not “hobbling” everyone else if we “fixed” the system such that workers wages were taxed less than the capital profits of business owners. In fact the current system is so unfairly weighted only a small percentage benefit from capital gains taxes whereas the masses of the working class are hobbled by greater taxes on their wages making up the difference. Ever wonder why it’s pretty easy to find CEO’s taking a $1 salary (it’s because they take the rest in capital so they are taxed less than their own workers). Those who suffer the most don’t need to be more productive, they working class is already more productive than anytime through history it’s time their wages reflect that fact and for good measure it’s time wages become more productive by flipping the wage/capital tax paradigm.

mjburgess 8y ago
I think your comment is consistent with mine. You are advocating getting the state out of the way of its citizens productivity by redressing the ways by which most people are taxed. That's exactly the sort of thing i'm talking about. If you want people in the developing world to improve their lot, get rid of authoritarian gov.s holding them back. People wish to do things for other people, and wish to provide for themselves. It is institutions, and esp. states, which almost-everywhere and almost-everywhen have got in the way of that. Fixing institutions is exactly the sort of thing which will help people who suffer needlessly. But it won't change inequality: the distribution of productivity is necessarily unequal by the nature of productivity (those a little better off now will be able to multiply faster, exponentially).

mjburgess 8y ago

I think your comment is consistent with mine. You are advocating getting the state out of the way of its citizens productivity by redressing the ways by which most people are taxed. That's exactly the sort of thing i'm talking about. If you want people in the developing world to improve their lot, get rid of authoritarian gov.s holding them back. People wish to do things for other people, and wish to provide for themselves. It is institutions, and esp. states, which almost-everywhere and almost-everywhen have got in the way of that. Fixing institutions is exactly the sort of thing which will help people who suffer needlessly. But it won't change inequality: the distribution of productivity is necessarily unequal by the nature of productivity (those a little better off now will be able to multiply faster, exponentially).